Capital Investment Advisors LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Capital Investment Advisors LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 0.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 23,163 shares of the industrial products company’s stock after purchasing an additional 125 shares during the period. Capital Investment Advisors LLC’s holdings in Emerson Electric were worth $2,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Vanguard Group Inc. lifted its position in shares of Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock valued at $6,634,837,000 after buying an additional 384,313 shares during the last quarter. Geode Capital Management LLC raised its stake in Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after acquiring an additional 232,540 shares during the period. Norges Bank bought a new position in Emerson Electric during the fourth quarter worth about $885,886,000. Northern Trust Corp increased its stake in shares of Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company’s stock worth $827,377,000 after purchasing an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company’s stock valued at $542,379,000 after purchasing an additional 171,946 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 1.0%

EMR opened at $123.68 on Monday. The business’s fifty day simple moving average is $109.70 and its 200 day simple moving average is $118.43. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $69.57 billion, a PE ratio of 29.52, a P/E/G ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the company posted $1.36 EPS. Emerson Electric’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on EMR. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Robert W. Baird reduced their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Royal Bank of Canada boosted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, Barclays increased their target price on shares of Emerson Electric from $104.00 to $112.00 and gave the stock an “underweight” rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $134.65.

Emerson Electric Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.